Today there are many services for working with cryptocurrencies. Each has its own characteristics. When compiling this rating of the best P2P exchanges, we took into account security and convenience of making transactions.
LocalBitcoins
Date of establishment: 2012.
Supported cryptocurrencies: BTC.
Payment methods: bank transfers and cards, altcoins, Webmoney, Neteller AdvCash and many others.
Commissions: 1% of the transaction amount (charged to the seller).
Advantages: the most popular platform; the service of payment escrow is provided for safety of each transaction.
Disadvantages: tough KYC requirements are gradually introduced, but for large sellers; limits on the number of listings for beginners.
LocalBitcoins platform was one of the first peer-to-peer exchanges and provides all the features one would expect from P2P trading. On LocalBitcoins, people from all over the world can post private ads to buy and sell bitcoin, choose their own exchange rate and payment methods.
Binance P2P.
Founding date: 2017.
Supported cryptocurrencies: BTC, BUSD, BNB, USDT, ETH, DAI.
Payment methods: cash, bank cards, AdvCash, Yandex.Money, QIWI, Payeer, PayPal and more than 50 other ways.
Commission: no commission.
Advantages: a large number of proposals, the lack of any commissions and security guaranteed by the leading exchanger.
Disadvantages: Verification is required.
Leading cryptocurrency exchange in terms of trading volume, Binance has added to its functionality a platform for direct exchange of coins between users. In the P2P trading section, you can place an order to buy/sell cryptocurrencies or respond to one of the existing offers and discuss all the details with the seller.
Paxful
Founding date: 2015.
Supported cryptocurrencies: VTC, USDT.
Payment methods: cards, PayPal, Amazon gift cards, Western Union, MoneyGram.
Commissions: 1% from the seller.
Advantages: no commission for buyers, provides a free and reliable wallet.
Disadvantages: The work is supported only with two cryptocurrencies.
Paxful allows you to sell and buy cryptocurrencies just like you can sell goods on eBay. Using the site form, you can apply to sell or buy VTC and Tether steylock. For convenience, all registered users are provided with a Paxful cryptocurrency wallet for storing assets.
Bitpapa
Date of establishment: 2018.
Supported cryptocurrencies: VTS, ETH, USDT.
Payment methods: cards, QIWI, Yandex. Money, Tinkoff, Sberbank (more than 100 ways in total).
Commissions: no exchange fees, but there is a 0.5% fee for the withdrawal.
Advantages: no mandatory verification.
Disadvantages: not found.
Marketplace for p2p-exchange Bitpapa focuses on the international market and provides convenient ways of exchange for each country. The service allows for a completely commission-free exchange, provides transaction security through escrow accounts, has a convenient Telegram bot for quick transactions and its own wallet. There is also a mobile application for iOS and Android, which allows you to access all the services of the site in your smartphone.
Hodl Hodl.
Founding date: 2018.
Supported cryptocurrencies: VTC.
Payment methods: Payeer, PayPal, Skrill, altcoins, cards and more.
Commissions: 0.6% per transaction (0.3% each for buyer and seller).
Advantages: anonymous transactions, additional functionality.
Disadvantages: only Bitcoin transactions are supported.
Hodl Hodl P2P-exchange service is trying to surpass its competitors with additional features. For example, the service allows for anonymous transactions and, in addition to the functionality for buying/selling, also allows you to lend cryptocurrencies.
Litecoinlocal.net
Founding date: 2014.
Supported cryptocurrencies: LTC.
Payment methods: bank cards and transfers, PayPal, cash and any other agreed upon method.
Commissions: 1% of the transaction amount.
Advantages: many years of experience in the market.
Weaknesses: small number of offers.
Litecoinlocal.net platform is designed exclusively for direct Litecoin trading. Users can exchange LTC privately on the platform, determining the rate and payment methods on their own. The platform only provides escrow services to ensure security.
Bisq
Date of establishment: 2014.
Supported cryptocurrencies: 126 cryptocurrencies, including BTS.
Payment methods: VTS and many altcoins.
Commissions: depends on the size of the transaction and varies from 0.05% to 0.7%.
Advantages: a fully decentralized peer-to-peer network for private exchanges.
Disadvantages: it does not support work with fiat.
Bisq is not just a P2P exchange platform. It is a peer-to-peer network, which can be run on any computer by installing special software. The network is open source and community driven. Thus, Bisq is more stable and independent. Every node in the Bisq network is a Tor node by default, which allows transactions to be completely anonymous. Security is ensured by collateral from the vendor and multi-signature.
LocalCoinSwap
Founding date: 2018.
Supported cryptocurrencies: Bitcoin, Ethereum, Tether, USDC, DAI and other cryptocurrencies.
Payment methods: 250+ methods, including bank transfers, PayPal, cards and popular cryptocurrencies.
Commissions: 1% of the transaction (charged to the seller).
Advantages: supports multiple cryptocurrencies and payment methods.
Disadvantages: Not detected.
LocalCoinSwap was created by the joint efforts of more than 5,000 people who share a common mission – to provide people with the opportunity of direct and safe exchange. It is one of the first exchanger which is created by common people for people and completely managed by its community. At the moment the service supports work with all popular cryptocurrencies, has its own wallet for storage and a lot of open offers.
Bitzlato
Date of establishment: 2016.
Supported cryptocurrencies: BTC, ETH, DOGE, LTC, DASH and others.
Payment methods: Webmoney, Yandex.Money, QIWI, LiqPay, cards and more.
Fees: 0% commission
Advantages: no commission, a lot of cryptocurrencies and payment methods are supported.
Disadvantages: not detected.
Cryptocurrency exchange Bitzlato arose from a Telegram-bot for the exchange of cryptocurrencies. At the moment, it is a large company that provides a range of tools for working with cryptocurrencies. Bitzlato is a P2P exchanger, payment gateway, exchange, wallet and lending platform. The service also has a handy mobile app so that the full range of functionality is always at your fingertips.
LocalCryptos
Date of establishment: 2017.
Supported currencies: BTC, ETH, LTC, DASH.
Payment methods: bank transfer, cash, MoneyGram, QIWI, AdvCash, WeChat Pay, PayPal and many others.
Commissions: 0.25% for those who place an offer; 0.75% for those who respond.
Advantages: variety of payment methods, good reputation, confidentiality.
Disadvantages: none were found.
The peer-to-peer trading platform LocalCryptos was previously known as LocalEthereum. After the number of users crossed the 100 thousand mark in 2019, the company decided to open its doors also for Bitcoin and a number of popular cryptocurrencies, as well as to rebrand and change the name.